Joint (JYNT) Rating Increased to Hold at ValuEngine

Joint (NASDAQ:JYNT) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Separately, Zacks Investment Research cut Joint from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $5.86.

Shares of Joint (NASDAQ JYNT) opened at $4.96 on Friday. The company has a market capitalization of $67.05, a P/E ratio of -7.19 and a beta of 1.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32. Joint has a 12 month low of $2.45 and a 12 month high of $6.00.

Joint (NASDAQ:JYNT) last released its earnings results on Thursday, November 9th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $6.55 million for the quarter, compared to analysts’ expectations of $6.28 million. Joint had a negative return on equity of 98.28% and a negative net margin of 36.74%. equities research analysts expect that Joint will post -0.27 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of JYNT. Captrust Financial Advisors acquired a new position in shares of Joint during the 2nd quarter worth approximately $791,000. Boston Partners increased its position in shares of Joint by 25.4% during the 3rd quarter. Boston Partners now owns 189,200 shares of the company’s stock worth $901,000 after purchasing an additional 38,300 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Joint by 28.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 112,900 shares of the company’s stock worth $538,000 after purchasing an additional 25,000 shares during the last quarter. Finally, White Pine Capital LLC increased its position in shares of Joint by 44.2% during the 2nd quarter. White Pine Capital LLC now owns 55,500 shares of the company’s stock worth $211,000 after purchasing an additional 17,000 shares during the last quarter. 45.24% of the stock is currently owned by hedge funds and other institutional investors.

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About Joint

The Joint Corp. develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company is franchisor and operator of chiropractic clinics. The Company offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention.

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